Price: 2.24 | EMA7: 2.24 | EMA25: 2.24 | RSI14: 48.4 | Resistance: 2.344 | Support: 2.216 | Average Volume: 42331.58 | Volume Trend: Decreasing
Based on the 15m technical analysis of FILUSDT, here are the observations:
1. The price is trending below the EMA7 and EMA25, indicating a bearish trend.
2. RSI14 is at 48, suggesting the market is not overbought or oversold and might be in neutral territory.
3. MACD is negative, indicating bearish momentum.
4. Volume is decreasing, which could be a sign of lack of buying interest.
Given the bearish trend and decreasing volume, a long/short strategy could be used.
For a Long strategy, consider entering below 2.21 (support level), aiming for a target of around 2.34 (resistance level) with a stop-loss just below the support level at 2.21. However, due to the bearish momentum, longs might be less favorable.
For a Short strategy, consider entering at 2.24 (current price), aiming for a target of around 2.21 (support level) with a stop-loss just above the current price at 2.26.
For a Spot Buy, consider entering at or above 2.28, aiming for a target of around 2.34 (resistance level) with a stop-loss just below 2.26. This buy signal is relatively weak due to the negative MACD and decreasing volume, and should be used with caution.
Please note that these are general suggestions based on technical analysis, and no trading decision should be made without further research, risk management, and considering market conditions.